Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to that plan and dont veer around like a shopping trolley. We stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. So, jeremy hunt says the government is sticking to its plan. But this was the reaction from labours shadow chancellor, rachel reeves. The government need to take responsibility for the fact that inflation in the uk is much higher
record high, and the office for budget responsibility says it would represent the largest fall in living standards since the 19505. our business correspondent emma simpson reports. these reforms will save around two million self employed people an average of £350 a yearfrom april. better than nothing. tuning into the autumn statement at walthamstow market. a good place to test the mood. pensioners seemed happy. him increasing pension, that s good for me. and young workers like the rise in the minimum wage too. 10% more i m going to win i m going to earn. yeah. who wouldn t like it? but other workers said the cut to national insurance isn t enough. not with the way things are at the moment. the cost of living is too expensive. £450, divide that by 12, divide it by the family that you ve got. is it enough? i don t think so. here are the key details. first, that national insurance cut. it s going from 12% to ten for all employees from january. the self employed will see a
In a botched burglary. And Scientists Say they found shocking levels of a toxic chemical in the body of one of the uks few Killer Whales. Good morning, imjane hill reporting live from westminster on the day the general Election Campaign officially gets underway. At midnight last Night Parliament was officially dissolved, meaning that from today onwards every seat in the House Commons is up for grabs. Lets bring you up to date with some of the key stories this morning. The eus Chief Negotiator on brexit, Michel Barnier, says britain must honour its obligations as it leaves the eu and warns departure will not be quick or painless. Later today the Prime Minister theresa may will visit the queen at Buckingham Palace to mark the Dissolution Of Parliament. And labour and conservatives have clashed on their tax plans. In the last hour, the European Commissions lead brexit negotiator, Michel Barnier, has been setting out his guidelines for the discussions on britains departure. It comes amid r
There is no punishment, there is no brexit bill, the financial settlement is only about settling the accounts. Im nicholas owen. The other main stories on bbc news at 5. A 20 year old student is found guilty of Planting A Home made bomb on a busy London Underground tube train. Ten years on from the disappearance of Madeleine Mccann we return to praia da luz as British Police say their investigation remains open. A big fall in profits at sainsburys. The Supermarket Giant blames tough Market Conditions and a fall in the value of sterling. Good afternoon imjane hill at westminster on the day that the general Election Campaign officially got underway. Theresa may has launched an attack on european officials accusing someone on european officials accusing someone to try to influence the outcome of the british General Election by using threats. She said that talks would be tough and the position of the uk had been represented the standards of the European Commission hardened. The Prime Minis